Compare Bitcoin
Bitcoin (BTC) has rapidly grown into a full-fledged investment tool in recent years. But just like with stocks or commodities, for example, the bitcoin price fluctuates. You can buy Bitcoin in various places, including on online platforms of brokers. But the costs can also differ between each broker. That is why comparing the different providers before buying Bitcoin is advisable. Below you will find a handy comparator with which comparing Bitcoin sellers becomes a breeze! In addition, you will also find additional information about brokers,
Buy bitcoin cheaply
Will this be your first Bitcoin purchase, or do you already own Bitcoins? Do you want to check whether you buy Bitcoins from the cheapest provider again? The prices between the providers differ. These differences can increase considerably in some cases, especially when you buy bitcoins more often. The reason for these price differences is explained later on this page. Because of these price differences, finding out what is important to you when buying Bitcoin is important. Do you want extra good service, or do you only want to buy cheap bitcoin? You have to weigh these things before you can start comparing providers.
Easily compare Bitcoin prices.
If you are planning to make your first Bitcoin (BTC) purchase and have already googled a bit, then you have seen many different providers. Quite a few brokers and exchanges are in the Netherlands, so there is plenty of choice! However, this also means that bitcoin prices also differ from each other. To ensure that you do not have to scour every individual website of brokers, Crypto Insiders has a handy Bitcoin price comparison tool for you above. …
Why compare Bitcoin?
The Bitcoin adventure you embark on as an investor will likely not last only a week. Many investors invest in Bitcoin for the long term. Although buying Bitcoin does not always have to be done with the same broker, building a relationship with a single party is nice. Relying on a provider is worth gold (or bitcoin). Comparing Bitcoin prices helps you to get a better overview of the current market. One provider offers lower prices than the other, and those differences can be large but also small. But as you could read earlier, many people invest in Bitcoin for the long term. So, if you buy some bitcoins monthly, you want to ensure you do not pay too much. On an annual basis, this can increase considerably. Comparing Bitcoin sellers is therefore necessary to get the most out of your investment.
What is the difference between a broker and an exchange?
Bitcoin is sold in many different places. This can be done via a cryptocurrency exchange, broker, or Marktplaats. The latter is not recommended because of the risks this entails. The first two options are the most popular ways to buy Bitcoin. But what is the difference between a broker and an exchange? Let’s start by finding out what exactly a cryptocurrency exchange is. A cryptocurrency exchange is a platform on which traders can trade cryptocurrencies against other currencies, such as cryptos and fiat currencies, such as the euro. This crypto is sold at the current market price that all buyers and sellers determine.
Well-known cryptocurrency exchanges are Binance and Coinbase. Such trading platforms are especially attractive to the more experienced traders who want to place trades actively. By buying low and selling high, a trader can generate profits, but this is not as simple as it may sound. An important aspect of trading on an exchange is that you first have to create an account. After you have gone through all the required processes and bought your crypto, you will notice that your cryptocurrency will be in your exchange account. Crypto you purchase via an exchange will, therefore, not be in your wallet. However, you can send your crypto from your exchange account to your wallet. With a broker, it is slightly different. So while you buy bitcoin on an exchange for the current market price that the traders determine, the broker determines the bitcoin price at brokers.
You can compare it to an apple you can buy on the market square and in the supermarket. On the market square, you can, so to speak, negotiate with other buyers about the price of the apple, but the cost of the apple in the supermarket is fixed. The advantage of buying Bitcoin from a broker is that it is often a Dutch company, with Dutch-speaking customer service and payment methods used in the Netherlands. In addition, the broker will send your crypto to your wallet. After your Bitcoin purchase, you will receive your BTC in your wallet, and your crypto is immediately safe! But as you may have noticed, brokers often charge different prices than exchanges. Why is that?
Why do brokers and exchanges charge different bitcoin prices?
The BTC price stems from the basic principle of supply and demand. There are currently a certain number of bitcoins in circulation. People who sell Bitcoin offer it for a certain price in the market. If someone wants to buy Bitcoin, they can accept this price. This happens on large cryptocurrency exchanges in huge numbers simultaneously; thus, the bitcoin price moves in a certain direction. If more people want to sell than buy, the price will fall because the demand will decrease. If more people want to buy bitcoin, the BTC price rises because the market is increasing. As explained in the previous paragraph, the pricing of brokers is slightly different. Brokers set a price themselves.
The basis for this bitcoin price is the general market price. On top of that come transaction fees and other fees. These costs are always clearly indicated on a broker’s website and are the margin brokers charge to offer you a good service. If you run into a problem, you can often go directly to the Dutch customer service, something you will hardly encounter at any cryptocurrency exchange. However, another important factor explains the price differences between exchanges brokers and brokers. A broker’s bitcoin price is automatically calculated based on the factors above; the market price and costs.
The basis for this bitcoin price is the general market price. On top of that come transaction fees and other fees. These costs are always clearly indicated on a broker’s website and are the margin brokers charge to offer you a good service. If you run into a problem, you can often go directly to the Dutch customer service, something you will hardly encounter at any cryptocurrency exchange. However, another important factor explains the price differences between exchanges brokers and brokers. A broker’s bitcoin price is automatically calculated based on the factors above; the market price and costs.
Tips when comparing Bitcoin providers
Want to compare Bitcoin sellers? Then read here several tips with which you can make your search easier. First of all, it is important to first list several things. Which payment method do you want to pay, and do you already have a Bitcoin wallet? Once you know that, you can compare bitcoin prices. But what should you pay attention to when looking at the different bitcoin providers? One of the most important aspects of a bitcoin broker is the company’s reliability. Do you see a good Bitcoin price?
Google the broker’s name and try to find experiences related to the broker. A useful platform for this is Trustpilot. On it, customers can post reviews about a business and also post a small description. Don’t just look at the 5-star reviews; also at the 3-star and 1-star ratings. This gives you a complete picture, and you also get an idea of how a broker deals with any problems of customers. Also, research what verifications are needed before you can buy bitcoin from a broker. Nowadays, it would help if you verified your identity extensively due to the increasingly strict regulations. But how does a broker deal with this, and what verifications must you go through? You can find out by carefully reading the information on the relevant website of the broker.
